The Lineage IPO was an exciting opportunity to buy a new-to-the-market cold storage REIT, but there's little else to recommend the industrial stock. If you're the kind of investor who pays attention to upcoming first-time debuts in the real estate sector, you've no doubt heard about the recent IPO for industrial cold-storage REIT Lineage (LINE 0.50%). Although it has a following that has bought its initial offering and is trading it currently, I have a lot of doubts about this particular REIT, as well as an ...

OwenPrice STAG Industrial, Inc. (NYSE:STAG) has been my favorite and only industrial REIT pick since the publication of my original bull thesis in March, this year. The underlying thesis is rather simple: one of the lowest P/FFO multiples in the industrial REIT space in combination with robust cash flow growth prospects, which create favorable conditions for decent dividend hikes going forward. If we look at the total return performance so far, we will notice almost an exact correlation between STAG and the ...

Core Viewpoint - Stag Industrial is positioned for continued growth in its monthly income stream, supported by robust demand for industrial real estate and a strong operational performance [1][2][10] Financial Performance - The REIT reported a core funds from operations (FFO) per share increase of 8.9% in Q2 2024 and 7.1% in the first half of the year, with cash available for distribution rising by 9.1% in Q2 and 9% in the first half [3] - Same-store net operating income (NOI) grew by 6.1% in Q2 and 6.5% in the first half, driven by high occupancy rates of 97.5% and strong lease renewals [5][4] Demand and Leasing - Stag Industrial has an impressive tenant retention rate of 82.2% and has achieved a 35.3% increase in lease rates on a cash basis [4] - New leases are being signed at an average rate 24.7% higher than previous leases, indicating strong demand for its properties [4] Acquisition Strategy - The REIT accelerated its acquisition pace, purchasing 10 properties for $225.6 million in Q2 at a 6.7% cash capitalization rate, compared to just one property for $50 million in Q1 [6] - Stag Industrial has a robust acquisition pipeline with 162 buildings representing $3.7 billion in investment potential, expecting to invest between $350 million and $650 million this year [8] Future Growth Potential - The company anticipates cash same-store NOI growth of 4.75% to 5.25% for the year, nearly double its historical rate of 2.5% [7] - Stag Industrial's conservative dividend payout ratio of less than 70% of cash available for distribution provides financial flexibility for new investments [9] Financial Health - The REIT maintains a low leverage ratio of 4.9, below its target range of 5 to 5.5, indicating improved financial metrics and flexibility [10] - The combination of earnings growth, acquisition volume, and a strong balance sheet positions Stag Industrial for continued dividend increases and income growth [10]

RonFullHD Introduction and Investment Thesis A few months back, the market (in my opinion) overreacted to the headwinds that the industrial property sector was (and still is) facing, leaving STAG Industrial's (NYSE:STAG) P/FFO multiple detached from its long-term ability to generate cash flows within a highly attractive property sector. STAG is a triple-net lease REIT with 114.1 sq. ft. of industrial properties across 41 states. Since the last time I covered it, its stock price has increased by 16.3%, const ...

Stag Industrial (STAG) reported $189.78 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 10.5%. EPS of $0.61 for the same period compares to $0.29 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $187.04 million, representing a surprise of +1.47%. The company delivered an EPS surprise of +3.39%, with the consensus EPS estimate being $0.59. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Stag Industrial (STAG) came out with quarterly funds from operations (FFO) of $0.61 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items. Stag, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $189.78 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.47%. This compares to year-ago revenues of $171.69 million. The compan ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|------------|---------------------------------------------|-------|------------------------|-------|----------------------------------|-------|----------| | (unaudited, in \nRevenue | | thousands, | except Three months ended June 30, \n2024 | per | share data) \n2023 | | Six months ended June 30, \n2024 | | 2023 | | Rental income | $ | | 186,467 | $ | 171,439 | $ | 373, ...

1 Boston, MA — July 30, 2024 - STAG Industrial, Inc. (the "Company") (NYSE:STAG), today announced its financial and operating results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights • Achieved $0.61 of Core FFO per diluted share for the second quarter of 2024, an increase of 8.9% compared to the second quarter of 2023 Core FFO per diluted share of $0.56. • Produced Same Store Cash NOI of $138.2 million for the second quarter of 2024, an increase of 6.1% compared to the second quarter of ...

Cash Available for Distribution should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of our performance, and we believe that to understand our performance further, these measurements should be compared with our reported net income or net loss in accordance with GAAP, as presented in our consolidated financial statements. Funds from Operations (FFO) and Core FFO: We define FFO in accordance with the standards established by the National Association of ...

Dividend Announcement - The Board of Directors of STAG Industrial, Inc maintained the monthly common stock dividend at $0 123333 per share for July, August, and September 2024 [1] - The record dates for the dividends are July 31, 2024, August 30, 2024, and September 30, 2024, with payment dates on August 15, 2024, September 16, 2024, and October 15, 2024, respectively [1] Company Overview - STAG Industrial, Inc is a real estate investment trust focused on acquiring, owning, and operating industrial properties across the United States [2] - As of March 31, 2024, the company's portfolio consists of 570 buildings in 41 states, totaling approximately 113 0 million rentable square feet [2] Additional Information - For more details, the company's website can be visited at www stagindustrial com [3]